Wisconsin Capital Management LLC Takes $306,000 Position in Invesco QQQ (NASDAQ:QQQ)

Wisconsin Capital Management LLC purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 626 shares of the exchange traded fund’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new stake in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp acquired a new position in Invesco QQQ in the 2nd quarter valued at about $30,000. Chelsea Counsel Co. purchased a new stake in shares of Invesco QQQ during the first quarter worth approximately $40,000. CGC Financial Services LLC raised its position in Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 81 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in Invesco QQQ by 30.4% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after purchasing an additional 24 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $492.21 on Wednesday. Invesco QQQ has a 52-week low of $366.91 and a 52-week high of $503.52. The stock’s fifty day simple moving average is $482.32 and its 200-day simple moving average is $470.09.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a $0.677 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a yield of 0.55%.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.